OPEC posts first 2019 oil-output rise despite Saudi cuts

OPEC posts first 2019 oil-output rise despite Saudi cuts

OPEC oil output has risen in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top exporter Saudi Arabia and losses caused by U.S. sanctions on Iran, a Reuters survey found.

Oil prices rise after U.S. crude stocks draw

Oil prices rise after U.S. crude stocks draw

Oil prices rose on Thursday following a drawdown in U.S. crude inventories, but gains in fuel inventories and persistent concerns over the global economy and future demand outlook capped gains. Brent crude futures climbed 27 cents, or 0.5%, to $60.57 a barrel by 0051 GMT on Thursday.